Alkane to Distribute Monster Diesel in South Korea
09 Décembre 2010 - 1:34PM
Business Wire
Alkane, Inc. (Pinksheets:ALKN) is pleased to announce that it
has entered into an agreement to distribute Monster Diesel™ in
South Korea. The agreement grants Mervita, LLC. exclusive
distribution rights of Monster Diesel™ in South Korea for five
years. As part of the agreement, Mervita, LLC. has committed to
purchase a minimum of $11.5 million of Monster Diesel™ over the
next five years. They have initially purchased $50,000 of Monster
Diesel™, which is scheduled to ship to Mervita, LLC. by the end of
December.
Mervita, LLC. tested Monster Diesel™ on 100 diesel vehicles in
South Korea and noted results of an average of 9% increase in fuel
mileage. Monster Diesel™ decreases total emissions by 23%, reduces
raw hydrocarbons by 10.2% with a 38% reduction of soot, altering
common diesel air pollution into a more environmentally friendlier
diesel.
Mervita, LLC. becoming the first international distributor of
Monster Diesel™ is happening at the perfect time. This past
weekend, President Obama announced a newly sealed trade deal with
South Korea as a landmark agreement that promises to boost the
domestic auto industry, the largest since the North American Free
Trade Agreement with Canada and Mexico in 1994.
With a population of 33 million, South Korea is a prime location
to internationally launch the Diesel Fuel Additive Monster Diesel™.
South Korea is a gateway to Japan, the World’s second largest
economy, and three out of four of the rapid growing BRIC
countries.
"We have very strong confidence that Monster Diesel will be a
success in Korea due to both its environmental and economic
benefits. We look forward to cooperating with Alkane to advance the
technology and its marketability in Korea through further testing
and business development," said Dr. Haengwoo Lee, Ph.D. CEO of
Mervita, LLC.
Dr. Mathew Zuckerman, Ph.D., President and CEO of Alkane, Inc.
said, “Our plan for Monster Diesel™ has always been to expand
distribution internationally, and we are proud to accomplish entry
into international markets ahead of schedule.”
About Alkane, Inc.
Alkane, Inc. is dedicated to the development of a family of
alternative fuels and additives, which, collectively, will
contribute to a solution to the global energy crisis. Additional
benefits of Alkane, Inc.’s product offerings include positive
environmental impact through the reduction of harmful emissions and
reduced vehicle operation and maintenance costs. Monster Diesel™,
flagship product of Alkane, Inc. is a patent pending high energy
“green” alternative fuel additive which boosts diesel fuel’s
quality to premium levels and is designed for use in any diesel
powered motor.
Forward Looking Statements:
This press release contains certain forward-looking statements.
Investors are cautioned that certain statements in this release are
"forward looking statements" and involve both known and unknown
risks, uncertainties and other factors. Such uncertainties include,
among others, certain risks associated with the operation of the
company described above. The Company's actual results could differ
materially from expected results.
Visit Monster Diesel™ on Facebook or follow on Twitter for more
product information, news and analysis, and information on how to
order Monster DieselTM and branded products.
Monster Diesel™ and the logo are trademarks and are property of
Alkane, Inc.
Alkane (CE) (USOTC:ALKN)
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